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Author Organisation for Economic Co-operation and Development.

Title Industrial Policy and Territorial Development [electronic resource]: Lessons from Korea / Organisation for Economic Co-operation and Development

Published Paris : OECD Publishing, 2012.


Location Call No. Status
Physical description 152 p. ; 16 x 23cm.
Series Development Centre Studies, 19900295.
Development Centre Studies, 19900295.
Contents Knowledge sharing for development -- What can be learned from the Korean experience? -- Regional development policy in Korea -- Foreword and Acknowledgements -- The success of Korea's "catching up" strategy -- Executive summary -- Preface -- Acronyms and abbreviations -- Country profile: Korea.
Summary This report reviews the Korean catching up and it analyzes the recent reforms which have been put in place to address the territorial dimension in the design and implementation of industrial policies, with a view to share knowledge and policy experience with emerging and developing economies. Korea is a well known success case, but less is known about the efforts and reforms introduced to factor in the territorial dimension in its national development strategy.   The report identifies the advances and challenges of the Korean approach to regional development. Results show that beside the specificities of the Korean experience it conveys several lessons for developing countries: i) Planning actions on a multi-annual basis is essential to achieve policy goals in fields such as industrial and regional development where policy outcomes depend on structural changes that will require long term horizons to be materialised and where coordination across several ministries (such as education, infrastructure and access to finance) is needed. ii) It is important to establish mechanisms that ensure a high level political support to regional development as well as to target resources to regions. iii) Supporting industrial development in regions requires designing specific programs beyond administrative boundaries. iv) The space for bottom up initiatives and regional empowerment has to be matched by a gradual approach to build the necessary capabilities at the regional level.
ISBN 9789264173897